Allegiant Travel Company's Stock Performance and Investor Interest

Core Viewpoint - Allegiant Travel Company, a low-cost airline, has been downgraded by Raymond James from "Strong Buy" to "Outperform," yet investment interest remains strong among major firms [1][6]. Group 1: Company Overview - Allegiant Travel operates in the travel industry, competing with budget airlines such as Southwest Airlines and Spirit Airlines [1]. - The current stock price of NASDAQ:ALGT is $85.74, with a slight increase of 0.29% today [4]. - The stock has experienced significant volatility over the past year, with a high of $107.57 and a low of $39.80 [4]. Group 2: Investment Activity - Caxton Associates LLP increased its investment in Allegiant Travel by 54.7%, now holding 36,488 shares valued at approximately $2 million, representing about 0.20% of the company [2]. - Donald Smith and CO. Inc. raised its holdings by 11.6%, owning 1,506,633 shares valued at $82.8 million [3]. - T. Rowe Price Investment Management Inc. also increased its stake by 5.8%, indicating a positive outlook among institutional investors [3]. Group 3: Market Metrics - Allegiant Travel's market capitalization is approximately $1.57 billion, with a trading volume of 215,589 shares, reflecting moderate investor interest [5].